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Chinese Banks Are Propping up the Yuan As PBOC Signals Yuan Weakness - Markets Insider

Retrieved on: 2023-11-21 18:36:46

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Chinese Banks Are Propping up the Yuan As PBOC Signals Yuan Weakness - Markets Insider. View article details on HISWAI: https://markets.businessinsider.com/news/currencies/chinese-yuan-swap-dollar-prop-renminbi-pboc-property-crisis-2023-11

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Chinese state-owned banks have been buying up the yuan and selling the dollar, Reuters reported. That comes as China's central bank lowers the ...

Article found on: markets.businessinsider.com

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